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(MM/DD/YYYY) STATE ZIP CODE UNC EMPLOYING INSTITUTION (YOUR CAMPUS NAME) SOC. SEC NO. TELEPHONE NO. EMAIL ADDRESS DATE OF ELIGIBLE EMPLOYMENT (MM/DD/YYYY) PREVIOUS UNIVERSITY OF NORTH CAROLINA OR OTHER STATE AGENCY EMPLOYMENT LIST INSTITUTION NAME(S) AND DATES SECTION B. RETIREMENT ELECTION I hereby elect to participate in the UNC Optional Retirement Program (UNC ORP) in lieu of membership in the North Carolina Teachers and State Employees Retirement System, as provided under G.

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The rule of 85 says that workers can retire with full pension benefits if their age and years of service add up to 85 or more. So if you're 60 years old and you've been working at the same company for 25 years then technically, you could be eligible for full pension benefits if you choose to retire early.

You can retire at age 55 with at least five years of service credit. Members under CalSTRS 2% at 60 also have the option to retire at age 50 with at least 30 years of service credit.

Early Retirement (Reduced Benefits) You may retire early with a reduced benefit after: you reach age 50 and complete 20 years of creditable service, or. you reach age 60 and complete five years of creditable service.

If you are offered early retirement by your agency under the Voluntary Early Retirement Authority (VERA), you can retire at age 50 with 20 years of service or at any age with 25. However, your annuity will be reduced by 2 percent for every year (1/6 percent per month) that you are under age 55.

You may retire with an unreduced service retirement benefit after you: Reach age 65 and complete 5 years of membership service. Reach age 60 and complete 25 years of creditable service. Complete 30 years of creditable service at any age.

The ORP is intended to provide you with income after you retire. You may not withdraw money from the plan while you are employed by The University. You may elect to receive a distribution from the vested portion of your ORP account when you retire or when you leave employment with The University.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232